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Scotiabank, BMO report higher loan growth while ramping up stress-test scenarios
TORONTO — BMO and Scotiabank both reported higher loan growth and profits in the last quarter from a year ago and said commercial and consumer demand remains strong despite growing worries about the economy.
May 25, 2022 3:14 PM
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North American stock markets rise in response to Fed rate increase outlook
TORONTO — North American stock markets climbed after minutes from the last Federal Reserve meeting suggested the central bank won't be any more hawkish in aggressively raising interest rates in the months to come.
May 25, 2022 2:59 PM
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OSC withdraws some charges against former CannTrust leaders at pretrial hearing
VAUGHAN, Ont. — Three former CannTrust Holdings Inc. leaders accused of securities offences have had some charges dropped, the Ontario Securities Commission said Tuesday, though the fraud charges remain.
May 25, 2022 2:05 PM
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Fed officials signal rates may head to 'restrictive' levels
WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they may have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which is near a four-decade high .
May 25, 2022 1:21 PM
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BMO reports profit up as loan growth continues, expenses also creep higher
TORONTO — BMO Financial Group said Wednesday that loan growth remained strong in the second quarter as businesses kept investing and residential mortgages were up, but that it is also ramping up its risk assessments as economic pressures including in
May 25, 2022 12:15 PM
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After digital asset crash, Canadian crypto companies look to the future
TORONTO — The digital asset industry has seen nearly US$2 trillion in market value wiped out over the last several months — a staggering US$300 billion during the week of May 9 alone — but some crypto watchers see this moment as an opportunity for th
May 25, 2022 12:04 PM
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Turkey demands 'concrete steps' to back Nordics' NATO bids
ANKARA, Turkey (AP) — A senior Turkish official insisted after talks with Swedish and Finnish officials Wednesday that Turkey would not agree to the two Nordic countries joining NATO unless specific steps are taken to address Ankara's objections.
May 25, 2022 11:50 AM
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UK's Johnson faulted for lockdown parties but won't quit
LONDON (AP) — An investigative report released Wednesday blamed British Prime Minister Boris Johnson and other senior leaders for allowing boozy government parties that broke the U.K.
May 25, 2022 11:44 AM
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Davos gathering overshadowed by global economic worries
DAVOS, Switzerland (AP) — Soaring inflation. Russia’s war in Ukraine . Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic .
May 25, 2022 11:11 AM
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Trevali says bodies of four missing workers found, four more still missing
VANCOUVER — Trevali Mining Corp. says the bodies of four workers missing since its Perkoa Mine in Burkina Faso flooded last month have been found. Four other workers remain missing.
May 25, 2022 6:23 AM
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